December 26, 2013 / 8:16 AM / 4 years ago

BRIEF-India's cabinet approves higher foreign holding in Axis Bank

Dec 26 (Reuters) - Axis Bank Ltd

* India’s cabinet approves raising foreign investment holding in Axis Bank to 62 percent from 49 percent - government statement

* India government says foreign investment limit hike in axis Bank to bring in 72.5 billion rupees investment

* Axis Bank shares gain more than 2 percent after cabinet approves higher foreign investment holding Source text for Eikon: link.reuters.com/ber65v Further company coverage: (New Delhi newsroom; +91 11 4178 1000)

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